321 E CAROL Avenue, Phoenix, AZ 85020
$675,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$675,000
Last Modified:
12/23/2025
Description
Amazing investment opportunity with 5 fully rented units, each featuring its own private fenced courtyard. Tenants enjoy designated parking in the back, with additional guest parking in front, plus an on-site coin laundry that is professionally serviced and maintained. Conveniently located near the Fire Department and John C. Lincoln Hospital, this property also offers stunning North Mountain views. This income-producing property is move-in ready for its next owner and won't be on the market for long!
More Information MLS# 6922842
Contract Info
Ownership: Fee Simple
Current Price: $675,000
Sold Price: $675,000
Status: Closed
List Date: 2025-09-20
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): W 100' OF FOL BEG AT PT 165.35' N & 30' W OF SE COR SW4 NE4 SE4 SD SEC TH EXT N 135.36' W 299.09'
Assessor's Parcel #: 102
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104600
Taxes: 1784
Legal: W 100' OF FOL BEG AT PT 165.35' N & 30' W OF SE COR SW4 NE4 SE4 SD SEC TH EXT N 135.36' W 299.09'
Marketing Name: None
House Number: 321
Compass: E
Street Name: CAROL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2063
County Code: Maricopa
Assessor Number: 159-45-102-B
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 13504
Total # of Units: 5
High School District: Glendale Union High School District
High School: Sunnyslope High School
Year Built: 1962
Zoning: R-3
Legal Info
Range: 3E
Section: 29
Township: 3N
Lot Number: 102B
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 1835.59
Annual Gas Exp: 833.46
Annual Land Lse Exp: 0
Annual Landscape Exp: 1550
Annual Legal & Acctg: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 9121.8
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 15124.85
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 50160
Pmt & Rate Info
Down Payment: 0
Equity: 725000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Play Area: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Evaporative Cooling: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Security Light(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Books Shwn Accpt Ofr: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Assigned: 1
Other: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
New Financing
Conventional: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 800
Avg SqFt: 750
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 800
Avg SqFt: 750
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 900
Avg SqFt: 800
# Baths: 4
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 3rd St and Hatcher
Geo Lat: 33.572034
Geo Lon: -112.068268
Status Change Info
Off Market Date: 2025-12-01
Under Contract Date: 2025-11-30
Close of Escrow Date: 2025-12-22
Sold Price: $675,000
Income Expenses
Gross Annual Sch Inc: 52800
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool; Play Area
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Security Light(s)
Appliances Included: Built-In Range; Refrigerator
Heating: Natural Gas
Cooling: Evaporative Cooling
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved; Other
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Books Shwn Accpt Ofr
Showing Notification Methods: Text; Email
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: Other (See Remarks)
Listing Office:
Realty ONE Group
Last Updated: December - 23 - 2025
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